3747EconomicsMedium
According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment?
ANone of these answers
BInflation will be unaffected if price expectations are unchanging
CThe economy will experience a decrease in inflation
DThe economy will experience an increase in inflation
Correct answer
D. The economy will experience an increase in inflation
Explanation
The correct answer is The economy will experience an increase in inflation.